Which of the following statements is true about target costing?
A)Target costing is a process where companies identify needed levels of quality.
B)Marketers need to determine the price consumers would be willing to pay.
C)Marketers need to determine the functionality needed to satisfy consumers.
D)The product is only manufactured if costs can be controlled to meet required price levels.
E)All of the above

Question

Quizplus · Accepted Answer

Target costing involves determining the price consumers are willing to pay, identifying the necessary quality and functionality, and ensuring that the product can be manufactured within cost constraints to meet the target price.

Which of the Following Statements Is True About Target Costing